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Record accounts for Ferrari

It’s been another record year for Ferrari. The 2013 accounts have been approved this afternoon in Maranello during a meeting of the company’s administrative committee chaired by Luca di Montezemolo. Turnover has increased by 5% to 2.3 billion Euros, with the trading company’s profit of €363.5 million (up 8.3%), a net profit up to €246 million (up 5.4%) and a net industrial credit rating of €1.36 billion, the best ever. These are record figures, which come after a 2012 that had been the best year in history and after the strategic decision to reduce car sales to maintain their exclusivity and to boost their value while still improving the economic results. This target has in fact been reached in spite of a reduction of just over 5% in the number of approved cars consigned to the sales network, which was less than 7,000 units in 2013 (6,922).

To complete the positive scenario there are other flattering numbers, such as the 337 million Euros of investment, including the data relating to research and development attributed to the economic accounts, equivalent to almost 15% of turnover, and those relating to activities linked to the brand (retail, licensing and e-commerce) whose working margin has jumped to 3.6%, reaching a quota of 54 million Euros.“This is a very important result that has been achieved with great work by everyone,” said President Montezemolo. “We wanted to keep a high level of exclusivity, creating exceptional products like the LaFerrari, 458 Speciale or the California T that has just been brought out, the fruits of huge investment in products and innovative technology. We have also taken important strategic decisions on the activities linked to the Brand that will provide an ever greater contribution to the success of the company.”